In Monday Selloff, Most Gold ETF Shareholders Stood Pat

By Brendan Conway

On Monday, they lived up to the reputation. Chris Dieterich of Dow Jones Newswires reports that redemptions from the SPDR Gold Trust (GLD) were just $188 million — surprisingly small in light of the metal’s 9% slump. It’s especially surprising given that trading in the ETF hit a record Monday, and that Friday’s redemptions were $1.2 billion.

With so many ETF holders standing pat, it sure looks like you can’t blame ETF investors — they were merely along for the ride.

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